Trump Media & Technology Group (NASDAQ:DJT) Shares Up 8.7% – Should You Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price traded up 8.7% during mid-day trading on Thursday . The stock traded as high as $9.06 and last traded at $9.38. 900,664 shares were traded during trading, a decline of 78% from the average session volume of 4,119,766 shares. The stock had previously closed at $8.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Trump Media & Technology Group currently has an average rating of “Sell”.

Trump Media & Technology Group Trading Up 5.7%

The stock has a market capitalization of $2.52 billion, a P/E ratio of -2.21 and a beta of 4.06. The stock’s fifty day moving average price is $9.06 and its two-hundred day moving average price is $10.86.

Institutional Investors Weigh In On Trump Media & Technology Group

Hedge funds have recently made changes to their positions in the business. Motiv8 Investments LLC purchased a new position in shares of Trump Media & Technology Group in the fourth quarter worth $30,000. Global Assets Advisory LLC purchased a new position in Trump Media & Technology Group during the 1st quarter valued at $34,000. Root Financial Partners LLC increased its position in Trump Media & Technology Group by 44,011.1% during the 1st quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock valued at $37,000 after purchasing an additional 3,961 shares during the period. International Assets Investment Management LLC purchased a new position in Trump Media & Technology Group during the 4th quarter valued at $40,000. Finally, Larson Financial Group LLC increased its position in Trump Media & Technology Group by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock valued at $41,000 after purchasing an additional 1,286 shares during the period. 4.29% of the stock is currently owned by institutional investors.

About Trump Media & Technology Group

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.